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Does the Type of Derivative Instrument Used by Companies Impact Firm Value?

Version 2 2024-06-04, 12:04
Version 1 2014-10-28, 08:38
journal contribution
posted on 2024-06-04, 12:04 authored by Hoa NguyenHoa Nguyen, R Faff
We explore the relationship between the type of derivative instrument used and firm value, in a sample of Australian firms. Specifically, we examine the impact of the corporate use of swaps, futures, forwards and options, and the extent of such usage, on firm value. Our findings suggest that a ?discount? is most severely imposed on users of swaps.

History

Journal

Applied economics letters

Volume

17

Pagination

1--

Location

London, England

Publisher DOI

ISSN

0003-6846

eISSN

1466-4283

Language

eng

Notes

School working paper (Deakin University. School of Accounting, Economics and Finance) ; 2007/15 We explore the relationship between the type of derivative instrument used and firm value, in a sample of Australian firms. Specifically, we examine the impact of the corporate use of swaps, futures, forwards and options, and the extent of such usage, on firm value. Our findings suggest that a ?discount? is most severely imposed on users of swaps.

Publication classification

C1 Refereed article in a scholarly journal

Copyright notice

2008, Taylor & Francis

Publisher

School of Accounting, Economics and Finance, Deakin University

Place of publication

Geelong, Vic.

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    Research Publications

    Categories

    Keywords

    RePEc:dkn:acctwp:aef_2007_15 RePEc:dkn:econwp:aef_2007_15150201 Finance

    Licence

    All Rights Reserved

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